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IFC Clarifies Bagan Loan to in-Limbo Hotel, While Govt Says Status Remains Up in The Air

The International Finance Corporation’s funding of a local hotel developer whose Bagan tourism project remains in limbo is dependent on government approval, the IFC clarified yesterday. On October 22 the IFC announced a loan of US13.5 million to United International Group, which owns Amata Hotel Group, to expand on its hotel developments at Bagan and Inle lake. […]

Poor renovation work decried as blighting Bagan’s ancient heritage

More than 600 ancient pagodas in Bagan have been ruined by botched renovation work, an architect has claimed. U Sun Oo, a member of the Bagan Management Plan Organising Committee, laid blame for the destruction on the practice of putting out complex and sensitive repair work to tender. Responsibility for maintaining the sacred Buddhist site’s […]

Entrance fees bypass Bagan temples

Where does the money from Bagan entrance fees go? Well, now we know – and just 2 percent is being put toward preserving the ancient city’s monuments. This has prompted observers to call for more of the income from entrance fees, which totalled more than US$4 million last year, to go toward conservation. Following a […]